Amazon buying Zoox may save US$20bil, put Tesla on its heels

A Zoox Inc self-driving car is operated outside the company's headquarters in Foster City, California, US. Amazon.com Inc’s talks to buy driverless vehicle startup Zoox Inc has analysts speculating the deal could save the e-commerce giant tens of billions a year and put auto, parcel and ride-hailing companies on their heels. — Bloomberg

Amazon.com Inc’s talks to buy driverless vehicle startup Zoox Inc has analysts speculating the deal could save the e-commerce giant tens of billions a year and put auto, parcel and ride-hailing companies on their heels.

Shipping costs are one of Amazon’s largest expenses and may reach US$90bil (RM392.27bil) in the coming years, Morgan Stanley’s Internet, auto and transport analysts wrote in a report on May 27. An autonomous offering could save the company more than US$20bil (RM87.17bil) annually, they estimate.